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he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told us a word about how he is going to pay for it. the three things he wants to do, have the 20% across the board rate cut and have it paid for while protecting a bunch of tax cuts, they can't be done at once. something has to give and we don't know what it will be. >> he is wrong. because, if we give them the allowance that you are willing to give him, that will be the first time in the history of the discussion of tax policy in our government that anyone has been able to say i don't have a $5 trillion tax cut beca
he has a tax cut. if you implemented it, what he says though, and has said from the beginning is that he will pay for that tax cut. when you include that sentence, he then says fairly scored, i have promised as a later date to pay for it. the question has been how are you going to pay for it? why should we believe you when no republican in 20 or 30 years has paid for a tax cut. i'm not sure it is wrong for romney to say that he is going to do a $5 trillion tax cut. the problem is he hasn't told...
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. >> these are people who pay no income tax. 47% of people pay no income tax. so our message of low taxes doesn't connect. he'll be out there talking for tax cuts of the rich. so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. >> so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. krystal ball, i don't know. that sounds to me like it's a description of how he would be as president. so my job is not to worry about those people? >> well, he may have contempt for you, but that doesn't mean he's going to act like he has contempt for you when he's president. obviously, when he was in that particular room, he was telling the people in that room that that's exactly who he would be as president. and i think what we see from mitt romney is who he is and what he says is all dependent on the expediencies of the moment. if we had a president romney, he would mostly be held hostage by a republi
. >> these are people who pay no income tax. 47% of people pay no income tax. so our message of low taxes doesn't connect. he'll be out there talking for tax cuts of the rich. so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. >> so my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. krystal ball, i don't...
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yet that's exactly what mitt romney wants to do... ...to pay for a $250,000 tax break for multi-millionaires. if mitt romney wins, the middle class loses. priorities usa action is responsible for the content of this advertising. >>> finally, a treat for those who spent the '90s glued to the soapy comings and goings of the residents of "melrose place" for seven seasons, the aaron spelling production held an audience ten million strong and despite so many seasons of the back stab and betrayals, the cast, more than happy to reunite and abc's amy robach was there. >> reporter: murder and mini skirts. cheating and cat did the fights, love, lust and revenge. >> i get what i want first. >> reporter: irresistible combination found at one famous address, "melrose place" and last month the cast was reunite ford an "enrtainment weekly" cover shoot. >> when i saw this show before i was it on, i just went, oh, my god that group looks so fun to be w i want toe on that show. a special cast. >> reporter: do you have a favorite line? >> they were all good. it was hard to desifr some of them. self-serving pat
yet that's exactly what mitt romney wants to do... ...to pay for a $250,000 tax break for multi-millionaires. if mitt romney wins, the middle class loses. priorities usa action is responsible for the content of this advertising. >>> finally, a treat for those who spent the '90s glued to the soapy comings and goings of the residents of "melrose place" for seven seasons, the aaron spelling production held an audience ten million strong and despite so many seasons of the back...
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tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map of where the tresh is, now you get this opinion letters from lawyer, if you follow one every one of these steps, you can get your treasure untaxed to the cayman islands. one of the things the times points out because of the way these were set up and the fees they were charged against them, the less taxes paid by those who were investing, the greater the sum available and therefore the higher the fees that romney collected. >> karen finney, romney, you get the sense the romney campaign expected that the tax return story was a story
tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map...
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. >> at the debate he said he's not going to cut taxes for the wealthy. in the primary he said he's going to cut taxes for everyone. >> i'm going to lower rates across the board for all americans. isn't that a change? >> let me repeat what i said. >> lying, denying and alibiing. >> is that leadership? >> we can't debate the debate. >> the war continues. >> let's move on. >> we are awaiting a major foreign policy address. >> romney boiled down the president's foreign policy to one of hope. >> hope is not a strategy. >> but on actual foreign policy romney's specifics were rather thin. >> i'll support the libyan's people efforts to support a lasting government. >> how about iran? >> prevent them from acquiring nuclear weapons capability. >> that's the same. >> this is the same guy who couldn't even go to the olympics. >> he will say anything, he will do anything. >> his mention of russia. >> without question of number one geopolitical foe. >> there are two kinds of success, initial and ultimate. >> i still believe you in and i hope you still believe in me. i
. >> at the debate he said he's not going to cut taxes for the wealthy. in the primary he said he's going to cut taxes for everyone. >> i'm going to lower rates across the board for all americans. isn't that a change? >> let me repeat what i said. >> lying, denying and alibiing. >> is that leadership? >> we can't debate the debate. >> the war continues. >> let's move on. >> we are awaiting a major foreign policy address. >> romney...
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payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5% in the red, that's right. neil: if you hear mitt romney saying i'm going to essentially get off your back, going to roll back regulations. he was not specific which, make sure the government cools it on taxes, didn't say to the degree of what allowances and writeoffs and deductions he limits, were you either troubled by the fact it might be a wash? that you, for example, in your case for your catering business, you might see, butch, no tax savings at all, but you might have a lower rate, but can't deduct as much. >> that will kill us. without disposable income for me to spend or gr
payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5%...
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i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you did say he was fundamentally dishonest after debating him in the primaries. this is not a new attack against romney policy. >> no. and i think that the challenge for the obama people is pretty simple. the president of the united states had 90 minutes. now, if he had done his homework and actually prepared, if he had actually studied romney, why didn't he say it? why didn't he take romney head on? first of all, the charges on the tax cuts are plain wrong, and i think virtually every analyst has said and even your deputy campaign manager said the charges made are wrong. but forgetting tha
i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you...
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be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big, bold idea is never mind. >> but the etch a sketching did not stop there. governor romney who once believed financial regulation was hurting the economy -- >> dodd frank it's called, has not helped enterprise get going, it's slowed it down. >> now seems to be a supporter of wall street regulation. >> want to repeal dodd/frank? >> and replace it. we're not going to get rid of regulation. some parts of dodd/frank that make all of the sense in the world. >> and back in june, romney mocked the president's crazy ideas about needing more
be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big,...
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>> if you extend the bush tax cuts you don't cut taxes you keep taxes where they are. if you don't extend the bush tax cuts you raise taxes. if you don't extend the bush tax cuts in total you raise taxes. >> they're set to expire. it was your party that set them to expire. i would add. i wasn't -- sitting here at the desk i didn't do that the republican party was the one that decided to do that so you guys had to deal with the sunset provision. >> it's not an accounting measure. they're going to -- of course it's an accounting measure. >> i pay a certain level of tax this career. next year if the bush tax cuts expire i get a big tax increase but if the bush tax cuts don't expire i pay the same tax next year the same as i do this year. >> because you make a lot of money. mr. giuliani, you have a very large tax cut because you are, to your great credit, a high-earning individual and you'll see a large bounty from the tax cut. that's the question on the table. >> stop the ad silliness. the reality is it's true for everyone. let me finish my answer, rather than yelling and
>> if you extend the bush tax cuts you don't cut taxes you keep taxes where they are. if you don't extend the bush tax cuts you raise taxes. if you don't extend the bush tax cuts in total you raise taxes. >> they're set to expire. it was your party that set them to expire. i would add. i wasn't -- sitting here at the desk i didn't do that the republican party was the one that decided to do that so you guys had to deal with the sunset provision. >> it's not an accounting...
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our taxes are just too low. we need higher taxes on wealthier people. >> we need jobs. >> there's not going to be a shortage of capital, there's plenty of capital, it's just awash in capital and that's not the problem. >> our problem is not-- is not that taxes are too low, they're not. because if they were lower we'd get more jobs and more revenue, that's exactly what we need, ben, let me tell you something, you raise taxes we're going back-- >> absolutely. i couldn't agree with that more. and the deficit gets with bigger and the deficit gets bigger. >> raise taxes and-- >> we've got, okay, adam. can you break this? what do you think? which side are you on here, a fiscal cliff, how do we address this, higher taxes, lower taxes? >> we won't have a sequester for more than a few days. i can see it happening, but it won't last very long. what we have to have higher taxes. >> no, come on. >> and we know that, we will. >> all right i tell you what-- >> you know what, we'll have double dip recession. >> we may be going
our taxes are just too low. we need higher taxes on wealthier people. >> we need jobs. >> there's not going to be a shortage of capital, there's plenty of capital, it's just awash in capital and that's not the problem. >> our problem is not-- is not that taxes are too low, they're not. because if they were lower we'd get more jobs and more revenue, that's exactly what we need, ben, let me tell you something, you raise taxes we're going back-- >> absolutely. i couldn't...
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so if the tax plan he described were a tax plan i was asked to support, i'd say absolutely not. i'm not looking for 5i trillion tax cut. i won't put in a place a tax cut that adds to the deficit. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> that's three different moments during this debate when mitt romney noticed the bump in the set for obama. what he's saying there is he's arguing against math. the idea that you can cut faxes 20%, can you tell taxes for everybody and it's deficit neutral and faye for it by closing unspecified loop moles and dealing with deductions. that is the romney position. it's up to bahama to make romney get specific about it to say okay. it's easy to say you deal with the deductions and it's easy to say it's deficit neutral and let's talk about the specific deductions and talk about the home interest deduction and health care deduction and the charitable giving deduction. these are things that people rely on and things that are popular with voters. let's put mitt romney on the spot here and say if you pay for it with deductions, this
so if the tax plan he described were a tax plan i was asked to support, i'd say absolutely not. i'm not looking for 5i trillion tax cut. i won't put in a place a tax cut that adds to the deficit. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> that's three different moments during this debate when mitt romney noticed the bump in the set for obama. what he's saying there is he's arguing against math. the idea that you can cut faxes 20%, can you tell taxes for everybody...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? . >>> they're back. the pesky stink bugs. the government said that they have returned in a big quay. many more than last year. you don't have to tell that to the people near linden, virginia. that is where beth parker has paid a visit today. >> stink bug heaven. >> reporter: you can s.w.a.t. them or sweep them. you can't get away. >> there's millions of them. it's the worst thing i have seen in my life. >> reporter: not what he had in mind when he retired and moved to the country. hosted to be closer to nature and nature's too close. >> it's like bug stew. >> can you take some home for dinner if you want. [ laughter ] >> reporter: no, thanks. >> seriously, he would love to get rid of them. their real name is the brown marmarated stink bug and he calls them? >> yucky. terage. >> reporter: he live -- teage. >>
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? . >>> they're back. the pesky stink bugs. the government said that they have returned in a big quay. many more than last year. you don't have to tell that to the people near linden, virginia. that is where beth...
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i don't have a tax cut that's 4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher program. i love teachers. we need more of them. don't believe me. speaker gingrich was pretty elegant in the primaries saying, look, mitt romney will say absolutely anything to get elected. >> and here's ""the new yorker's" take on the debate. it shows mitt romney debating an empty chair. >>> president obama continues be on his fundraising swing through california looking to capitalize on friday's good economic news. september unemployment rate released on friday dipped to 7.8%, the lowest of his presidency. and new fundraising numbers show the obama campaign is coming off its best month of the year raising $181 million in september. at a fundraising concert last night in los angeles the president added to his campaign coiffers. after thanking the stars for the performance, the president commented on his own performance. >> everybody here is incredible professionals, such great friends. they performed flawlessly, night after night. i can't always say th
i don't have a tax cut that's 4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher program. i love teachers. we need more of them. don't believe me. speaker gingrich was pretty elegant in the primaries saying, look, mitt romney will say absolutely anything to get elected. >> and here's ""the new yorker's" take on the debate. it shows mitt romney debating an empty chair. >>> president obama continues be on his...
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tax rates. it's revenue neutral. >> it's not unless you take away the deductions. we're going to get to that. the first half. lowering the tax rates. does that cost $5 trillion? >> no. >> the master of the power point was having a hard time making a point. let's break down what paul ryan is actually saying here. romney and ryan will give $5 trillion in tax breaks to the wealthiest americans. subtract an unspecified amount of money of unnamed deductions. somehow you're going to get a revenue neutral tax plan. it's a plan so bogus not even a fox news host can understand it. >> you haven't given me the math. >> i don't have the -- it would take me too long to go through the math. >> paul ryan, paul ryan, if you want to be a heartbeat away from the presidency, we're going to have to explain your plans to the american people. take all the time you want. especially here on "the ed show." you guys have been complaining about media fairness preponderance let's talk it over. today paul ryan told a radio
tax rates. it's revenue neutral. >> it's not unless you take away the deductions. we're going to get to that. the first half. lowering the tax rates. does that cost $5 trillion? >> no. >> the master of the power point was having a hard time making a point. let's break down what paul ryan is actually saying here. romney and ryan will give $5 trillion in tax breaks to the wealthiest americans. subtract an unspecified amount of money of unnamed deductions. somehow you're going to...
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to do to the tax code. he has a tax cut that would cost $5 trillion. that part is true. the president is right about that. romney said from the very beginning, he's consistent so nothing he said last night was new. it's important to put that clearly. he's always said he will pay for that tax cut. that tax cut will not be passed the way it is currently in. he will work with congress to find offsets. romney has not named any offsets or shown how to pay for it, and it's not clear that he can, given the size of it and given his promise of not letting it become a tax cut for the rich. that's what romney did last night. every time obama said you have a $5 trillion tax cut, he said no i don't. the truth is we don't know what it is. as he's running for president, i think it's information that we're frankly entitled to. >> let me play another clip. the president criticized romney for a lack of specifics in the tax plan and wall street reform and health care. that's how that went down. >> my experience as a governor
to do to the tax code. he has a tax cut that would cost $5 trillion. that part is true. the president is right about that. romney said from the very beginning, he's consistent so nothing he said last night was new. it's important to put that clearly. he's always said he will pay for that tax cut. that tax cut will not be passed the way it is currently in. he will work with congress to find offsets. romney has not named any offsets or shown how to pay for it, and it's not clear that he can,...
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this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the states and to the workers so they can create pathways into training they need for jobs that will help them. taxation. we should bring the tax rates down. for corporations and individuals. for us not to lose revenue, i lowered deductions and credits and intentions so we keep taking in the same money when you account for growth. energy is critical. the president pointed out that production of oil and gas in the u.s. is up but not due to his policies -- in spite of his policies. all of the increase in natural gas and oil has happened on privat
this is a tax in itself -- the economy tax. gasoline prices have doubled under the president, electric rates are up, food prices are up, health-care costs have gone up by $2,500 per family. the question is how to get them going again. it is energy and trade. the right kind of training programs. the president mentioned those ideas. education. it is key. it is the future of our economy. we have 47 training programs. they are reporting to eight agencies. we have to get those dollars back to the...
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this is a tax in and of itself. call it the economy tax. it's been crushing. at the same time, gasoline prices doubled. electric rates are up, food prices are up. health care costs have gone up by $2500 a family. middle income families are being crushed. the question is how to get them going again. >> governor romney defended his tax plan repeatedly. the romney proposal would give breaks to the wealthy while putting a burden on the middle class. >> i know you and your running mate keep saying that. it's popular, but it's not the case. i have five boys. i'm used to people saying something that's not always true but keep on repeating it hoping i'll believe it. that is not the case. i will not reduce the taxes paid by high income americans. number three, i will not, under any circumstances raise taxes on middle income families. >> for 18 months, he's been running on this tax plan. now, five weeks before the election, he's saying his idea is never mind. the fact is that if you are lowering the rates the way you describe, governor, then it is not possible to come u
this is a tax in and of itself. call it the economy tax. it's been crushing. at the same time, gasoline prices doubled. electric rates are up, food prices are up. health care costs have gone up by $2500 a family. middle income families are being crushed. the question is how to get them going again. >> governor romney defended his tax plan repeatedly. the romney proposal would give breaks to the wealthy while putting a burden on the middle class. >> i know you and your running mate...
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don't like the tax policy numbers, find your own. there is a lot of that going on. >> in fairness i think what mitt romney said is defensible in the sense that, in fact, we have seen millions of people drop out of the labor force. if they hadn't dropped out and they seem to have because -- some is anyonie i aging but a l find jobs. that's a fair thing to say. >> he's on stage alan west who on friday suggests this was part of leftist radicalism at work and part of the chicago machine manipulating labor statistics. >> indeed. then there are the crazy people. >> that speaks volumes. >> he probably didn't pick the appearance knowing what the jobs figures would be. i think it's fair to say the economy has been bachltd obama doesn't have much to do with it. the president can't do that much to control the economy. but four years ago obama got to run saying, they drove it into the ditch, i can drive it out. then it turns out he can't. now the next guy gets to say, i can drive it out. he also can't drive it out, but this is the ritual every f
don't like the tax policy numbers, find your own. there is a lot of that going on. >> in fairness i think what mitt romney said is defensible in the sense that, in fact, we have seen millions of people drop out of the labor force. if they hadn't dropped out and they seem to have because -- some is anyonie i aging but a l find jobs. that's a fair thing to say. >> he's on stage alan west who on friday suggests this was part of leftist radicalism at work and part of the chicago machine...
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what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a math problem. they can't pay for it. if they can't pay for it, then they are going to raise taxes on the middle class. that's what the economic studies have shown. and look, i don't know anybody who thinks we're another tax cut for a millionaire away from a stronger middle class. that's just not how we have built our economy before and it's not how we're going to continue to make our country on the debate moderator to do itill ?e present be >> ihink the debate morato think the president will push back pticularly on some of thes
what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a...
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. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> the middle class in america is hurting. >> the middle class has been buried the last four years. >> kristen welker and peter alexander are with the obama and romney campaigns in these final hours before the first match-up, the debate tonight. we begin with kristen in nevada with the president. the president will travel to colorado in just a matter of hours. good morning. >> good morning. that's right. president obama will take off for denver in just a few hours. i'm told he'll have a little bit of down time with the first lady before the debate. he'll also do a walk through of the venue. here's how it's going to work. president obama will be given the first question. mitt romney will have the final word tonight. the debate will be broken up into six 15-minute segments for a 90-minute debate. it will include three on the economy, one on health care, one on governing and one on the state of government. the role of government, i should say. now, both candidates will be standing at podiu
. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> the middle class in america is hurting. >> the middle class has been buried the last four years. >> kristen welker and peter alexander are with the obama and romney campaigns in these final hours before the first match-up, the debate tonight. we begin with kristen in nevada with the president. the president will travel to colorado in just a matter of hours. good...
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he said in fact that they do want to race taxes a trillion dollars. i want to create good jobs in america. reporter: now, the president is hammering mitt romney today on the 5 trillion-dollar tax increase. that was the same accusation that governor romney beat back several times in denver. last night, president obama's deputy campaign director, stephanie cutter, acknowledged that that tax cut would be nowhere near $5 trillion. she did go on to say that all of the loopholes that the governor would use to try to make that revenue neutral would not bring up the total amount, but it is important to note that she did say that tax and cuts would be hard. megyn: there is some troubling news from the unemployment department on jobs. applications rose to 360,000. that is up from last week. a second report shows planned layoff 4.9% in september. yesterday the commerce department said factory orders dropped 5.2% in august. still, just a short time ago, president obama said today's report shows that the economy is headed in the right direction. >> after losing ab
he said in fact that they do want to race taxes a trillion dollars. i want to create good jobs in america. reporter: now, the president is hammering mitt romney today on the 5 trillion-dollar tax increase. that was the same accusation that governor romney beat back several times in denver. last night, president obama's deputy campaign director, stephanie cutter, acknowledged that that tax cut would be nowhere near $5 trillion. she did go on to say that all of the loopholes that the governor...
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>>> taxes, education, reproductive rights when you're mitt romney what's wrong with a little change of heart? it's wednesday, october 10th, and this is "now." >>> joining me today, msnbc political analyst and georgetown university professor michael eric dyson, the golden throat. the host of msnbc's the cycle steve kornacki, msnbc contributor and queen bee of thegrio.com joy reid and new york times magazine editor mr. sunday morning himself, hugo lingren. there are 27 days to the election, meaning we still have time for 27 new and exciting policy shifts from governor mitt romney. and who better than the country's explainer in chief to outline the paradox of the mittens. >> i had a different reaction to that first debate than a lot of people did. i mean, i thought -- i thought wow. here's old moderate mitt. where you been, boy? i missed you all these last two years. >> call it the merry go mitt. governor romney has completed a full 360-degree rotation, changing his views so many times on -- so many times on some of his core beliefs that he's right back to where he started decades ago. he
>>> taxes, education, reproductive rights when you're mitt romney what's wrong with a little change of heart? it's wednesday, october 10th, and this is "now." >>> joining me today, msnbc political analyst and georgetown university professor michael eric dyson, the golden throat. the host of msnbc's the cycle steve kornacki, msnbc contributor and queen bee of thegrio.com joy reid and new york times magazine editor mr. sunday morning himself, hugo lingren. there are 27...
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>> keeping tax rates down. by lowering tax rates, people keep more of the dollar they earn. that matters. that is pro-growth policy. that creates seven million jobs. >> that's more important than? >> than anything. >> tax breaks for millionaires and billionaires are more important than anything else? those are paul ryan's words. for bet about paying for the tax cuts that he's talking about. you know, they are here to stay if romney and ryan get elected. you can count on that. it's no wonder the romney campaign is struggling with this entire message. but when all else fails, what you got to do is blame the media. >> carrying water for barack obama? >> it kind of goes without saying that there's definitely a media bias. >> where have you seen it in this campaign where you feel they are judging you by one standard and obama by another? >> i'm not going into fit for tat. there's a media bias. and anybody with objectivity would believe that. >> blaming the media is the latest talking point for paul ryan. at a fundraiser, ryan told supporters the campaign needs their help to fight
>> keeping tax rates down. by lowering tax rates, people keep more of the dollar they earn. that matters. that is pro-growth policy. that creates seven million jobs. >> that's more important than? >> than anything. >> tax breaks for millionaires and billionaires are more important than anything else? those are paul ryan's words. for bet about paying for the tax cuts that he's talking about. you know, they are here to stay if romney and ryan get elected. you can count on...
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they are sort of this strange direct where they can put things on referendum where you can't raise taxes but the people can also vote on what they want. >> that's right. >> jon: so it is the perfect symbol for the difficulties we have in the country of getting the services we want while convincing people that they do have to bay for it. >> yes. you have that rob, but you also have the other problem, which is that mistakes were made, not only in california but all over the united states, when it comes to pensions. we have in california now for instance $400 billion of unfunded liability, this is something that was done by the legislature, not by the people, so there is a huge amount of money that is being going out, and now it is not available for programs for the people, just because it is for retired people and kind of like you are living in the past, you are taking care of things in the past rather than look to looking to the future and building schools and roads and universities and less study -- >> jon: i keep coming back to this idea, if only somebody could come back from the future
they are sort of this strange direct where they can put things on referendum where you can't raise taxes but the people can also vote on what they want. >> that's right. >> jon: so it is the perfect symbol for the difficulties we have in the country of getting the services we want while convincing people that they do have to bay for it. >> yes. you have that rob, but you also have the other problem, which is that mistakes were made, not only in california but all over the...
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not a tax hike. pan more taxes. there might be an appetite on the part of your democratic colleagues. in other words, after the elections dogmatic bygones are bygones. if you look at that looming debt and deficit, as far as the eye can see, i think we all realize that in negotiated settlement is going to have to be reached. we have a spending problem in washington. we are cutting as much an even more bad, but at some point i think we are going to realize that the revenues are going to need to us match the -- to come up a bid to match -- neil: some revenues and taxes in that equation. >> of eliminating some of the loopholes and special interests were government is forging the behavior and punishing bad behavior, is that we want to do? no. i think we can simplify and make it fair. by that we would give greater revenues. >> it sounds like it does commission point of view. enough of us know we have to pony up and get over ourselves and so the big problems. neil: whenever you do or a lame-duck session does, we won't be h
not a tax hike. pan more taxes. there might be an appetite on the part of your democratic colleagues. in other words, after the elections dogmatic bygones are bygones. if you look at that looming debt and deficit, as far as the eye can see, i think we all realize that in negotiated settlement is going to have to be reached. we have a spending problem in washington. we are cutting as much an even more bad, but at some point i think we are going to realize that the revenues are going to need to...
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in the last debate, no, he does not plan a tax cut but he says he plans a tax cut -- a 20% tax cut across the board. there are a number of ways -- i've witnessed once when mitt romney once said he was pro gay adoption. and the very next day he said he was staunchly against it. so, to call someone out on their mistruthings and lies, that's not poor sportsmanship. that's like saying someone who entered a race who was doping and you call them on doping, you know, is guilty of poor sportsmanship. the person who is guilty is the person who is cheating. >> yes, indeed. ken, mr. romney tells wolf blitzer that will be a preference, in his words, for home mortgage deduction and charitable contribution, so to make up for the tax cuts, what ducks will go away? have you found them? >> this has been a great challenge of covering the campaign where there isn't -- >> this is a bigger mystery than the loch ness monster, no one can find them. >> that's one thing democrats will press him on. they've tried with a high degree -- to point out that is not -- the math is not working here, that's one of the thin
in the last debate, no, he does not plan a tax cut but he says he plans a tax cut -- a 20% tax cut across the board. there are a number of ways -- i've witnessed once when mitt romney once said he was pro gay adoption. and the very next day he said he was staunchly against it. so, to call someone out on their mistruthings and lies, that's not poor sportsmanship. that's like saying someone who entered a race who was doping and you call them on doping, you know, is guilty of poor sportsmanship....
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> top 10 in e.r.a. and strikeouts today, the nats geo gonzalez was recognized as the best left-handed picture -- pitcher in baseball. next time, he'll take to sunday's game, one of the nlds against the cardinals or braves. yes, the nats have home field advantage after wednesday's win and that is a 2-3 form at, meaning the first two are on the road. yesterday, ryan zimmerman last the home crowd, 25 runs on the season for him and michael morris teed off as well for the team's 98th win and that is a 95-1 final. the orioles -- orioles game didn't go as well and that is because of what he needed to get out of the season and he hit two home runs and three yesterday. the top 4-1, meaning baltimore visits the tex
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? . >>> top 10 in e.r.a. and strikeouts today, the nats geo gonzalez was recognized as the best left-handed picture -- pitcher in baseball. next time, he'll...
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i want to keep taxes down on small business so we can create jobs. this is about good jobs for the american people. >>neil: he swings, slams, scores, way too early to say if the swing states swinging back to the challenger but after last night, the critics say they probably stopped swinging away. larry said the race ain't over but he also is saying for the challenger it is an uphill fight. what do you make of last night and how this changes the dynamics? >> everyone, obviously, just about everyone, from right to left, says that romney won the debate. i gave you a full "a" and i give the president a "c" minus. there was a giant difference between their performance. everyone who was fair was impressed with how romney handled that from going to end. obama was stunned by how well romney was performing. he seemed almost to take a step back and tune out. >>neil: do you think he came in to it is on the clock, the president, to your point he didn't expect this, and he saw little risk in taking on mitt romney and even if romney did well it would not move the
i want to keep taxes down on small business so we can create jobs. this is about good jobs for the american people. >>neil: he swings, slams, scores, way too early to say if the swing states swinging back to the challenger but after last night, the critics say they probably stopped swinging away. larry said the race ain't over but he also is saying for the challenger it is an uphill fight. what do you make of last night and how this changes the dynamics? >> everyone, obviously, just...
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they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class has been buried. those aren't my words. those happened to be the words of the distinguished vice president of the united states, mr. joe biden. no, don't boo. he's the best thing we got going, guys. >> and how's this for trail mix? mitt romney got more than he bargained for when he posed at chipotle after ordering a burrito bowl in a photo op that's an internet sensation. good day, andrea mitchell live in denver at the site of tonight's presidential debate, the first time in five years that barack obama and mitt romney are going to be face-to-face in what the local newspaper is headlining as the duel in denver. joining me now for our daily fix, chris cizi
they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class has been buried. those aren't my...
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that's not a tax raise. that's called fairness where i come from. >> vice president biden, congressman paul ryan are prepping if for their own debate next thursday at center college in danville, kentucky. >>> the united nations security council is condemning the shelling by syrian forces in a turkey down that killed women and children. turkey's military responded with artillery fire, raising the prospect of a wider conflict between the two nations. syria remains locked in a brutal civil war that's killed an estimated 30,000 people since march of last year. for more on this potentially explosive situation along the border, we turn to nbc's amon. he's live on the phone from turkey. reset this story for us, if you would, this morning. what happened initially, and where are we now? >> reporter: well, it began on wednesday afternoon when the syrian military essentially fired on this town that was on the syrian side of the border, but according to some, they overshot. one of the mortars landed in the turkish town
that's not a tax raise. that's called fairness where i come from. >> vice president biden, congressman paul ryan are prepping if for their own debate next thursday at center college in danville, kentucky. >>> the united nations security council is condemning the shelling by syrian forces in a turkey down that killed women and children. turkey's military responded with artillery fire, raising the prospect of a wider conflict between the two nations. syria remains locked in a...
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in an interview, romney was pressed for specifics on his tax plan. after ryan said on fox news on sunday the math would take too long to explain. >> you could say everybody is going to get up to a $70,000 deduction and can use your charitable deduction or home mortgage deduction or others. and you can fill that bucket if you will, the $17,000 bucket that way and higher income people might have a lower number. or you could do it by the same method that boll simpson did it. but that's the sort of thing you do with congress. >> so that's the most detail we have heard romney talk about this idea of different buckets and a cap on deductions. but still it's been at nearly every stop in the the last two weeks. romney has had to explain the 47% remark. don't be surprised if we hear a version of this answer when it comes up wednesday night. >> if you could go back to that fundraiser, would you have said it differently? >> it's not productive for someone to get into the detail of how a campaign is going to cop l together the people i need to win an election. i
in an interview, romney was pressed for specifics on his tax plan. after ryan said on fox news on sunday the math would take too long to explain. >> you could say everybody is going to get up to a $70,000 deduction and can use your charitable deduction or home mortgage deduction or others. and you can fill that bucket if you will, the $17,000 bucket that way and higher income people might have a lower number. or you could do it by the same method that boll simpson did it. but that's the...
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at tonight's debate, a blizzard of percents. >> 93% of the businesses are not taxed at the 35% tax rate. >> reporter: all these perce percents -- >> it's mast. >> reporter: intended to make politics seem like facts that can't be argued with. >> like a sports analogy. it's odds, percentage chances. people have those percentages in their mind. they know their take-home pay. things that apply in their own life. >> reporter: but too many percents and you risk sounds like yogi berra, who said baseball is 90% physical, the other half is mental. a recent survey showed 42% of americans don't believe the polls. bottom line, percents don't always make sense. keep in mind, tonight, both candidates looked like they were addressing the 100%. but really, they're vying for a much smaller piece of the pie. really, they're trying to capture the undecided voters in the swing states who happen to be watching. that's not the 99%, not even the 47%. but that tiny fraction will end up deciding who won. >> if you want to focus on a percentage in this election that matters the most, it's 4% of the people that a
at tonight's debate, a blizzard of percents. >> 93% of the businesses are not taxed at the 35% tax rate. >> reporter: all these perce percents -- >> it's mast. >> reporter: intended to make politics seem like facts that can't be argued with. >> like a sports analogy. it's odds, percentage chances. people have those percentages in their mind. they know their take-home pay. things that apply in their own life. >> reporter: but too many percents and you risk...
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for every american that pays taxes, if the bush tax cuts expire, their taxes go up. president obama wants to vary that for people at $250,000, that's just the reality of it. >> this is a very important point about the distributional impacts of our tax policy. my understanding is that there had been a difference between mitt romney and the president. that mitt romney wants to make sure he preserves the tax cuts for those at the high end and the president doesn't want to. i want to establish for people watching that is still the case. >> of course it is. mitt romney wants the bush tax cuts -- >> for high income earners. >> for everyone. if you leave those alone, there's no tax increase. if you get rid of the tax cuts for anybody, there will be an increase. the government is wasting enough money already. i believe in the ronald reagan approach -- if i can finish my answer, you should not feed the beast. let's put the beast on a diet and spend a little less money. >> did the department of homeland security, does that count as feeding the beast or not? >> i have no contra
for every american that pays taxes, if the bush tax cuts expire, their taxes go up. president obama wants to vary that for people at $250,000, that's just the reality of it. >> this is a very important point about the distributional impacts of our tax policy. my understanding is that there had been a difference between mitt romney and the president. that mitt romney wants to make sure he preserves the tax cuts for those at the high end and the president doesn't want to. i want to...
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raising taxes on the average family by up to $2000 dollars. while giving a tax break of $250,000 dollars to multi-millionaires. doesn't mitt romney understand, we can't rebuild america...by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> this morning the white house and buckingham palace are transformed to support the fight against breast cancer. the pink lights will remain on throughout october. in this month's official proclamation to kickoff breast cancer month, the president urges mammograms as a key to early detection. >> a lot of significant or landmark buildings are being lit up there. >> empire state building. >> in new york city and also in london. again, you see the white house here, looks like think maybe just turned off the light. am i right? i'm told they're still on. it's just dark in our monitors. it's maybe dark, tom kierein, because of clouds that are here and more that are rolling in. >> and some rain. so have an umbrella handy. >>> we take a look at the radar. ligh
raising taxes on the average family by up to $2000 dollars. while giving a tax break of $250,000 dollars to multi-millionaires. doesn't mitt romney understand, we can't rebuild america...by tearing down the middle class. priorities usa action is responsible for the content of this advertising. >>> this morning the white house and buckingham palace are transformed to support the fight against breast cancer. the pink lights will remain on throughout october. in this month's official...
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is romney really not seeking a $5 trillion tax cut? will people be able to keep their health insurance under the president's plan? >> i always kind of approach it from they're both lying to me. so now i have to figure out which one is lying to me less and basing my decision on that. >> reporter: so i guess the question that i have that maybe you can't answer is why can't you make up your minds? >> they all said the rest of the debates are even more crucial. after watching round one, perhaps significantly change the entire race. ron allen, nbc news, denver. >> aides to mitt romney say he will spend part of today preparing for the next presidential debate, which is scheduled for october 16th. the president's team says he hasn't held any formal debate practice sessions since wednesday, and is spending today celebrating his 20th wedding anniversary. with me now is our brain trust panel, perry bacon jr. is an msnbc contributor and political editor at thegrio.com. jennifer rubin writes the right turn for the "washington post." and tara mcgui
is romney really not seeking a $5 trillion tax cut? will people be able to keep their health insurance under the president's plan? >> i always kind of approach it from they're both lying to me. so now i have to figure out which one is lying to me less and basing my decision on that. >> reporter: so i guess the question that i have that maybe you can't answer is why can't you make up your minds? >> they all said the rest of the debates are even more crucial. after watching...
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did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's something that they've been watching with joe biden for years, but joe biden has been preparing for an entire week. by thursday when the debate happens, he will have spent almost a week at his home in wilmington preparing. and when he is prepared, he is much better in that he doesn't make those same gaffes. when he nose what it is that he needs to say and he's not going off the cuff in this style, he does better. >> on thursday, joe biden went aggressively after governor romney on taxes. let's take a look at that. >> you just never know what game or what position governor romney's going to com
did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's...
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out a deal on expiring tax cuts. the average hike would be $3,500 for middle income earners, a $2,000 increase. senate leaders say they are making progress on a plan. jack, you're a little boring. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or beh
out a deal on expiring tax cuts. the average hike would be $3,500 for middle income earners, a $2,000 increase. senate leaders say they are making progress on a plan. jack, you're a little boring. boring. boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass....
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>> what bf his commit to not raising taxes? >> i think what's been incredible at the close of this race with 29 days to go has been the room that finally the conservative base has allowed mitt romney to spurn them in a lot of ways because they just wanted the visceral enjoyment of seeing him win a debate against the president. that's more important to them and beating barack obama in a lot of ways is more important to a lot of base than ideology. now, i can't imagine mitt romney going to that extent as matt as said and saying -- >> and doing something sensible for the government and the country. we wouldn't do that. >> but i also couldn't put anything past him at this point. >> joy reid and matt miller, thank you both. next, the president on the road again, as mitt romney campaigns right now with an aircraft carrier in the background. so who has the upper hand today? stay with us. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm
>> what bf his commit to not raising taxes? >> i think what's been incredible at the close of this race with 29 days to go has been the room that finally the conservative base has allowed mitt romney to spurn them in a lot of ways because they just wanted the visceral enjoyment of seeing him win a debate against the president. that's more important to them and beating barack obama in a lot of ways is more important to a lot of base than ideology. now, i can't imagine mitt romney...
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there are going to be tax cuts because mitt romney proposes to cut 20% off everybody's taxes across the board. >> not 5 trillion. >> but it adds up to 4.9 the ten years that the number the president was citing. that assumes no revenue coming from anywhere else. mitt romney says that is not the right assumption. if i cut taxes across the board and more money into piedmont acre pockets and spend more and have a lower tax rate and have more jobs and more own. >> stimulate the economy. >> and more money will come in. >> that is where the disagreement was. >> mitt romney does have some plans for cutting loopholes and some of these -- >> right. . he says we cut taxes and close loopholes and it becomes revenue neutral and president cited another studying saying you have to raise taxes on the middle class. that is why this becomes so hard to fact check one of these because they are both sort of saying things that are kind of true. >> let's switch to jobs. this doesn't have to do with the debate necessarily last night but it's critical. we have the big monthly jobs report tomorrow and we have so
there are going to be tax cuts because mitt romney proposes to cut 20% off everybody's taxes across the board. >> not 5 trillion. >> but it adds up to 4.9 the ten years that the number the president was citing. that assumes no revenue coming from anywhere else. mitt romney says that is not the right assumption. if i cut taxes across the board and more money into piedmont acre pockets and spend more and have a lower tax rate and have more jobs and more own. >> stimulate the...